NY -- Standard&Poor's CreditWire 11/3/95 -- Standard&Poor's revises its rating outlook on Office Depot Inc. to positive from stable and affirms its double-`B'-plus corporate credit rating and double-`B'-minus subordinated debt rating. About $661 million of rated debt is outstanding. The outlook revision is based on the company's improved financial profile. The rating also continues to reflect a leading position in the office supply superstore industry offset by the company's anticipated entry into the more competitive Northeast market. Delray Beach, Fla.-based Office Depot has improved returns and debt coverage measures over the last five years despite its rapid growth strategy. Office Depot's return on permanent capital is currently 16%, and compares favorably to its peers. Funds flow
